Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.025%

Price spread now: Coinbase International against Bybit+0.027%7-day average −0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.027%, 7d avg −0.120%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.146% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TSLAUSDT	376.38	0	get 0.0000% / 8h	1h 50m	$10.2M	$15.4M	100x
Short	Coinbase International TSLA-PERP-INTX	376.48	0.0136	get 0.0017% / 1h	50m 57s	$508K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.027%Rate

Funding earned: $28.56
Price spread: +0.027% → −0.120%: $14.61
Slippage, 4 orders: −$11.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $10.32
Costs to cover: 0.329%
Break-even: 4.5 days

Slippage from Bybit: live order book, 2 min ago; Coinbase International: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 2 min ago	0.80 bp	8.4 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Coinbase International live order book, 57 min ago	2.92 bp	9.1 bp −$9	10.5 bp −$105	doesn't fit	doesn't fit

TSLA on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TSLAUSDC	−0.0272%	4h	376.45	+0.019%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0001%	8h	376.42	+0.011%	$577K	$355K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.45	+0.019%	$575K	$199K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.32	−0.016%	$479K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.43	+0.012%	$47.3M	$113.3M	25x	as long as short
Bybit TSLAUSDTlong	0.0000%	8h	376.38	long leg	$10.2M	$15.4M	100x
OKX TSLA-USDT-SWAP	0.0000%	8h	376.42	+0.011%	$11.2M	$17.0M	25x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.42	+0.011%	$17.1M	$22.8M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.40	+0.005%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.40	+0.005%	$200K	$917K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSLAUSDT	0.0000%	4h	376.40	+0.005%	$1.1M	$14K	10x	as long as short
Gate TSLA_USDT	+0.0006%	8h	376.43	+0.013%	$2.3M	$3.5M	100x	as long as short
Aftermath Perps TSLAUSD	+0.0022%	1h	376.27	−0.029%	$38K	$39K	10x	as long as short
Lighter RH TSLA	+0.0032%	1h	376.29	−0.024%	$1.3M	$2.5M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.22	−0.043%	$135K	$108K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.33	−0.013%	—	$125K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	376.11	−0.072%	$44.6M	$14.8M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.25	−0.035%	$301K	$307K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.32	−0.016%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.94	−0.117%	$1.6M	$1.1M	10x	as long as short
QFEX TSLA-USD	+0.0052%	1h	376.36	−0.005%	$1.2M	$6.2M	10x	as long as short
Hotstuff TSLA-PERP	+0.0064%	1h	376.04	−0.090%	$34K	—	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.16	−0.058%	$390K	$37K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	376.07	−0.082%	$1.5M	$107K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.16	−0.058%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	376.33	−0.013%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.30	−0.020%	$745	—	10x	as long as short
Coinbase International TSLA-PERP-INTXshort	+0.0136%	1h	376.48	+0.027%	$508K	$347K	10x
RISEx TSLA/USDC	+0.0138%	1h	376.40	+0.005%	$214K	$642K	20x	as long as short
Lighter TSLA	+0.0160%	1h	376.32	−0.016%	$835K	$3.7M	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0189%	8h	376.52	+0.036%	$844K	$2.8M	10x	as long as short
Bullet TSLA-USD	+0.0209%	1h	376.42	+0.010%	$5K	$90K	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.82	+0.383%	$79K	$36K	30x	as long as short
Nado TSLA-PERP	+0.0307%	1h	376.05	−0.087%	$489K	$111K	20x	as long as short
Phoenix TSLA	+0.0318%	1h	376.46	+0.021%	$1.3M	$528K	20x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0548%	1h	376.33	−0.013%	$18K	$194K	10x	as long as short